Short Interest in Liberty All-Star Equity Fund (NYSE:USA) Drops By 36.5%

Liberty All-Star Equity Fund (NYSE:USA - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 286,500 shares, a decrease of 36.5% from the April 30th total of 451,400 shares. Based on an average trading volume of 896,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company's stock are sold short.

Liberty All-Star Equity Fund Trading Up 0.2%

Shares of Liberty All-Star Equity Fund stock traded up $0.02 during trading on Monday, hitting $6.64. 347,704 shares of the company's stock traded hands, compared to its average volume of 736,127. Liberty All-Star Equity Fund has a 1 year low of $5.64 and a 1 year high of $7.49. The business has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $6.81.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, April 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.04%. The ex-dividend date of this dividend is Thursday, April 17th.

Institutional Trading of Liberty All-Star Equity Fund

Several institutional investors have recently made changes to their positions in USA. Raymond James Financial Inc. purchased a new position in Liberty All-Star Equity Fund during the 4th quarter valued at $17,316,000. LPL Financial LLC increased its position in Liberty All-Star Equity Fund by 19.7% during the 1st quarter. LPL Financial LLC now owns 4,368,444 shares of the closed-end fund's stock valued at $28,613,000 after buying an additional 720,273 shares in the last quarter. Royal Bank of Canada increased its position in Liberty All-Star Equity Fund by 21.2% during the 1st quarter. Royal Bank of Canada now owns 1,903,229 shares of the closed-end fund's stock valued at $12,466,000 after buying an additional 333,478 shares in the last quarter. Cornerstone Advisors LLC grew its holdings in shares of Liberty All-Star Equity Fund by 1,643.9% during the first quarter. Cornerstone Advisors LLC now owns 219,737 shares of the closed-end fund's stock valued at $1,439,000 after buying an additional 207,137 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Liberty All-Star Equity Fund by 16.2% in the first quarter. Janney Montgomery Scott LLC now owns 1,178,002 shares of the closed-end fund's stock valued at $7,716,000 after purchasing an additional 164,530 shares during the period. Hedge funds and other institutional investors own 9.95% of the company's stock.

About Liberty All-Star Equity Fund

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.